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Wed, March 29, 2017

“The Illinois Science + Technology Park represented a rare opportunity to acquire one of Chicago’s premier life science and technology campuses,” said John Roeser, Executive Vice President, American Landmark Properties. “The three existing fully renovated lab and office buildings are currently 86 percent leased to leading domestic and multi-national life science, energy, and nanotech companies.” Major ISTP tenants include NorthShore University HealthSystem, Astellas Pharma, LanzaTech, Vetter Development Services USA and Fresenius Kabi
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Scott Brandwein and David Saad of CBRE have been retained as the leasing agents for the ISTP property.  “We are seeing a lot of momentum in the market from Science-based R & D companies encompassing a variety of industries, along with our Chicago-area research universities,” said CBRE’s Brandwein.  “With all of this activity, we are seeing an increase in demand for quality lab space with modern infrastructure,” said CBRE’s Saad. “ISTP provides the highest quality opportunity in the Chicagoland area.”

Included in the acquisition is the 136,000-square-foot 8030 Lamon Avenue building shell which is ideal for a build-to-suit tenant.  Additional development opportunities include up to 1.3 million square feet of new office and lab facilities on the ISTP campus and a 500,000-square-foot, mixed-use retail and residential project directly on Oakton Street, the central thoroughfare of downtown Skokie.  “Our strategic acquisition philosophy is to seek and acquire value-add and opportunistic mid-cap office, industrial and multi-family properties in the Midwest and East Coast,” said  Roeser.  “We are structured to make decisions quickly which was the case with the Illinois Science + Technology Park.”

“The Illinois Science + Technology Park is a significant contributor to Skokie’s employment base and economic growth,” said Skokie Mayor George Van Dusen. “I expect that the park will continue to grow and contribute to Skokie’s economy while also providing economic stimulus for the state and Midwest region.

Fri, March 3, 2017

The Village of Skokie enjoyed another high profile year, particularly in terms of total retail sales growth, ranking #1 among the Top 20 Chicagoland Suburbs from 2014-2015, according to the highly regarded 2016 Melaniphy Report.  

Skokie welcomes the following recently opened (or soon to open) new businesses:

“First” to Illinois: Jollibee-Hammer Made
“First” to Chicago Suburbs: Galt Toys Galt Baby - SoulCycle -Target (Flexible Format Concept – COMING 2017) - The Halal Guys
“First” to Chicago’s North Shore: Aspen Dental - Bob’s Discount Furniture - Chick-fil-A (COMING 2017) - Culver’s - Fabletics - Nando’s - Peri Peri -Skechers Factory Outlet Store (COMING 2017) - The Goddard School - Vineyard Vines - Wing Zone
 

NEWS ARCHIVES

March 2017

Skokie 2016 Update

The Village of Skokie enjoyed another high profile year, particularly in terms of total retail sales growth, ranking #1 among the Top 20... Read on >

February 2017

Conference for Midwest Nanotechnician Programs

On Friday, March 24th, Oakton Community College will host the 2017 Conference for Midwest Nanotechnician Programs at the Conference Center of the... Read on >

January 2017

Nanotechnology Guidance for Educators

 4 Day Kick-Off Workshop February 17 & 24 and March 3 & 10, 2017. For high school and college science and technology teachers, ORANGE... Read on >

December 2016

Purdue Pharma - Exicure Strategic Research Collaboration

Purdue Pharma L.P. and Exicure, Inc. announced a strategic research collaboration, option and license agreement to discover and develop a... Read on >